Unit 6 Review Business Studies (IGCSE)

Question 1

an example of an indirect tax is

Accepted Answer

VAT

Question 2

One problem resulting from high unemployment is

Accepted Answer

will cost the government money

Question 3

import prices _____ when there is an appreication of exhange rate

Accepted Answer

fall

Question 4

what strategy can be used by a pressure group to change policy

Accepted Answer

consumer boycotts

Question 5

what is an advantage of being a multinational firm

Accepted Answer

more product choice for consumers and more competition

Question 6

all of the following are direct taxes EXCEPT

Accepted Answer

Import Tariffs

Question 7

which of the following is NOT an example of an externality

Accepted Answer

Private Gain

Question 8

when a busienss decision benefits stakeholders or protects the environment

Accepted Answer

social responsibility

Question 9

Which business is an example of a puplic owned company?

Accepted Answer

all of the above

Question 10

which of the following is NOT a stage in the business cycle

Accepted Answer

Gain

Question 11

goverments protecting local firms through tariffs and quotas on foreign goods is

Accepted Answer

protectionism

Question 12

Which of the following is NOT a government objective

Accepted Answer

negative economic growth

Question 13

Supply-side policy uses which of the following strategies?

Accepted Answer

all of the above

Question 14

the value of income in terms of what can be bought is

Accepted Answer

real income

Question 15

this government policy can cause businesses to respond to enviormental pressures

Accepted Answer

pollution permits

Question 16

The total value of output of goods and services in a country in one year is

Accepted Answer

GDP

Question 17

when a price of a country's currency against another falls it's an exchange rate of

Accepted Answer

depreciation

Question 18

Raising and lowering of interest rates are what government economic policy?

Accepted Answer

monetary

Question 19

What economic policy deals with taxes and government spending

Accepted Answer

fiscal

Question 20

Jobs being created as a result of a firm opening is an example of what externality

Accepted Answer

external benefit

Questions 20